Word: compounding
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Even more ostentatious is Mohammad's residential compound, now under construction on a chunk of Miami property he bought for $4 million. A contractor on the unfinished Xanadu is suing the sheik for $275,000, and one of the sheik's builders says it will be "the most expensive piece of crap ever put on this earth." It is to include a bowling alley, an aviary, computer-controlled fountains, five waterfalls, two swimming pools, moving sidewalks, a bomb shelter and a mosque...
...even bigger cause for gossip in Mexico City is the huge, five-house compound that the outgoing President is building for his family on a hill overlooking the capital. Cynics have labeled the complex the "dog hill," a reference "to a Lopez Portillo remark that he would "fight like a dog" to defend the shrinking value of the Mexican peso...
...office to outright deflation during March, when the purchasing power of the dollar actually inched fractionally upward. But last week consumer prices, which rose at an average annual rate of less than 2% in the first four months of the year, suddenly shot back up in May to a compound annual rate of 12.7%, pushed by increases in housing, food and energy costs. The unexpected rise far overshadowed a Commerce Department preliminary report that the gross national product might actually have gone up .6% during the April-to-June quarter, signaling at least a pause in the recession...
Federal cuts for job training and direct job financing only compound the problems. According to a report released by Cambridge Community Services Inc., the city lost $1.2 million in training and public service employment subsidies in the fiscal year ending June 30. Six Middlesex County towns, including Cambridge have lost $5.9 million in Comprehensive Employment and Training Act (CETA) funding during the same period. Six thousand fewer people received federal services as a result. In addition, the local CETA administration reports that it has experienced a drop of almost 20 percent in the number of people it places in jobs...
...stakes so high, the Administration last week struggled with the problem of how to influence the Israelis in general and, specifically, how to persuade them not to invade Beirut. An attack on the remaining P.L.O. strongholds would inevitably cause heavy casualties, infuriate the Arabs throughout the Middle East and compound the difficulties of reshaping Lebanon...